GM had better speed up production, especially the trucks. Ford workers want to walk. Union vote headed toward strike. Chance for GM stockholders to make some money. Ford will rehire non-union but it will take months to get back to full speed.
"If ignorance ever goes to forty dollars a barrel, I want drilling rights to Jeydolt's head."
You'll loose. There is nothing there. Completely a dry well.
<<<<So America has a better chance in Voting Responsible Politicians>>>>
I'm all for that one, jeyedolt. And while you're at it, de-certify Illinois, Massachusetts, and NY too.
<<Make it cost-effective again for them to hire you, and you will have so much work coming to Michigan, you won't know what to do with it.>>
That's it exactly. It's not exactly rocket science. We used to do everything possible to NOT hire additional people. I don't know about the current economics, but we used to figure about $250K per employee in lingering benefits to reduce the work force. With the JOBS bank gone it's probably less than that but still a substantial amount.
Believe it or not, there are places in the world worse than that, Portugal for example. The normal severance pay for a reduced worker is 2 months pay for every year of seniority. So, a worker with 30 years of seniority would get 60 months of pay to get cut loose. Plus he would get a pension and health care from the government.
Needless to say, we advise clients to avoid places like that like the plague. Most of Europe is similar, think they have problems now!
Situation is similar to the Chrysler UAW contract voting in October of 2007. No votes had a pretty good lead early on and consistently won the big factories. UAW leadership engaged in heavy lobbying the last several days and carried the small facilities by big margins. I don't know what will happen. Seems like there is a genuine split in the union over the contract.
These UAW leadership dudes badly want to hang onto their cushy six-figure union gigs.
To do so, they have to convince the rank and file that these contracts are a good deal and that the UAW did a great job getting this contract.
The members know they don't like it, but some feel their only choice is to say, "Thank you, Sir! May I have another!"
My question is, 'If the UAW doesn't gain anything for you, why keep them around?'
For workers to REALLY see some gains at last, it's time for Michigan to become Right to Work state and get shed of the UAW. Vote AGAINST card check. Support open shop politicians. And most importantly, actively work to de-certify the UAW!
In my opinion, their actions have ruined the domestic car industry, destroyed Michigan's economy, screwed you guys over compensation-wise, and destroyed your childrens' futures.
But that's just me. I can't speak for anyone else.
<<<<<GM had better speed up production, especially the trucks. Ford workers want to walk.>>>>>
Well, we've got about a 7-month supply of VOLTs on hand here! That's right; 2951 VOLTs found nationwide now.
NOTE: Maybe these are ALL demos, and none of them are for sale. That could explain why they sit on dealer lots for months on end.
TOKYO, Japan – Japans’ biggest automaker Toyota said Wednesday production at its three Thailand plants would be halted until at least Saturday due to the impact of the country’s worst flooding in decades on suppliers.
While floods have not directly impacted its Samrong, Gateway and Ban Pho plants, Toyota said: “Some suppliers are experiencing delays in supplying parts.”
Operations at the three plants have been halted since Monday and Toyota said the suspension will continue through Saturday’s morning shift, when it will then take a decision on whether to resume.
A Toyota spokeswoman told Agence France Presse that annual production capacity at the three plants totals 650,000 units. In 2010, the plants produced 630,000 units.